Nifty Aug F: 16300 [ 16350 / 16220 ]
NF made an OAIR start and completed the 80% Rule in previous Value in the ‘A’ period as it made a low of 16220 stalling right above the PBL of 16219 indicating that the downside was limited after which NF continued to build in yesterday’s Value remaining in the narrow IB range of just 69 points till the ‘F’ period. The auction then made a minor RE in the G period where it matched PDH and followed it up with a bigger one in H as it left an extension handle at 16294 as it went on to tag 16345 after which it made marginal new hgihs of 16349 & 16350 in the ‘J’ & ‘K’ periods shifting the balance to the upper zone & building volumes at 16331 and seemed like it would close around it leaving a DD (Double Distribution) profile for the day but saw some liquidation into the close as NF got back to VWAP negating the extension handle and even shifted the dPOC to 15295. Value for the day was overlapping on both sides giving a 2-day composite at 16225-16257-16288 and could continue to fill up the zone between 16248 to 16331 before moving away from here.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 16295 F
- Vwap of the session was at 16288 with volumes of 64.8 L and range of 130 points as it made a High-Low of 16350-16220
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 16225-16295-16319
Business Areas for 06th Aug:
Up
16320 – VAH from 05th Aug
16363 – 1 ATR move from PDL
16440 – 2 IB target of composite BO
Down
16257 – 2-day composite POC
16203 – Buying singles of 4th Aug
16156 – VPOC from 3rd Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 35954 [ 36175 / 35751 ]
BNF made a strong open to the downside as it broke below the yPOC of 35943 and left an initiative selling tail in the IB from 36017 to 36160 while making a low of 35816 after which it made the dreaded C side extension lower to hit 35751 but was rejected back into the IB indicating that the previous day’s buyers were still defending their zone. The auction then made a slow OTF (One Time Frame) probe higher till the ‘K’ period as it not only negated the morning singles but went on to make new highs for the day at 36175 but was rejected from just below the responsive tail of 36194 to 36275 triggering a retracement back to the day’s VWAP & overlapping POC of 35950 into the close. As expected, BNF formed a balanced profile and an inside day both in terms of Range & Value giving a nice 2-day composite at 35831-35944-36151 and it remains to be seen if the auction continues to build Value here or moves away on initiative volumes in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Day (Inside Bar)
- Largest volume was traded at 35953 F
- Vwap of the session was at 35957 with volumes of 34.2 L and range of 424 points as it made a High-Low of 36175-35751
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 respectively.
For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 35860-35953-36079
Business Areas for 06th Aug:
Up
35957 – VWAP from 05th Aug
36349 – Monthly 1.5 IB objective
36554 – Daily Swing High from 12th Mar
Down
35944 – Last 2-day overlapping POC
35639 – Buying tail from 04th Aug
35361 – Gap mid-point from 04th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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